801 Wadsworth BlvdLakewood, CO 80214

Property Details for 801 Wadsworth Blvd

Year built

2023

Lot size

1.16 AC

Property size (Sq ft)

4,760 SF

Property type

Car washes

APN

49-023-00-127

APU

4902300127

Description

Exceptional investment opportunity: a 2023-built, 6,439 square foot car wash in Lakewood, Colorado. This single-tenant property sits on a 1.2-acre lot at 801 Wadsworth Blvd, 80214, and boasts a strong 6.50% cap rate with a Net Operating Income (NOI) of $373,622. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Cobblestone HoldCo LLC, providing significant financial security. The lease includes annual rent increases of 1.50% throughout the initial term and four, five-year renewal options, extending the potential lease term to 40 years. The asking price is $5,748,031, translating to $892.69 per square foot. This property offers significant tax advantages through accelerated and bonus depreciation, qualifying for both 60% bonus depreciation and 15-year accelerated depreciation. The long-term lease, strong tenant, and attractive financial metrics make this a compelling investment opportunity in a prime Colorado location. This sale-leaseback structure provides a passive income stream with built-in growth potential. The property's modern construction and established tenant base ensure a stable and profitable investment for years to come.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.729

Longitude

-105.082

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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